Section 462 Expressions relating to “related parties”: introductionF1

(1)

Section 463 sets out the circumstances in which a person is a related party of another person for the purposes of this Part.

(2)

That section—

(a)

applies generally in relation to any amount, and

(b)

is supplemented by sections 464 and 465 (which contain provisions that have effect for the purposes of that section).

(3)

Sections 466 and 467 make provision for treating persons as if they were related parties of each other but only in relation to certain matters.

(4)

Sections 468 to 472—

(a)

make provision for treating persons as if they were not related parties of each other but only in relation to certain matters, and

(b)

take priority over sections 466 and 467.

Annotations

F1: Pt. 10: the existing Pt. 10 renumbered as Pt. 11 (except for ss. 375, 376 which are repealed), the existing ss. 372-374, 377-382 renumbered as ss. 499-507 and a new Pt. 10 (ss. 372-498) inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1, 10(1)(2)(a)(3) (with Sch. 5 paras. 27, 32-34)

C1: Pt. 10 excluded by 2010 c. 4, s. 937NA (as inserted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 7)
C2: Pt. 10 excluded by 2010 c. 4, s. 938V(d) (as substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 9)
C3: Pt. 10 excluded by 2010 c. 4, s. 938N(e) (as substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 8)